This chart shows the number of bank owned/REO properties and short sales in all areas of the RMLS™ system during the fourth quarter of 2015.
Below are links to additional charts for some of our larger areas.
• Portland Metro Area Distressed Properties (4th Quarter 2015)
• Clark County, WA Distressed Properties (4th Quarter 2015)
• Lane County, OR Distressed Properties (4th Quarter 2015)
• Douglas County, OR Distressed Properties (4th Quarter 2015)
• Coos County, OR Distressed Properties (4th Quarter 2015)
Here are some additional facts about distressed residential properties in the fourth quarter of 2015:
All areas when comparing percentage share of the market, fourth quarter to third quarter 2015:
• When comparing fourth quarter to third quarter 2015, distressed sales as a percentage of new listings increased by 3.7% (10.1 v. 6.4%).
• In a comparison of fourth quarter to third quarter 2015, distressed sales as a percentage of closed sales increased by 0.9% (8.5 v. 7.6%).
• Short sales comprised 2.2% of new listings and 1.7% of sales in the fourth quarter, up 0.7% and down 0.2% from the third quarter of 2015, respectively.
• Bank owned/REO properties comprised 7.9% of new listings and 6.8% of sales in the fourth quarter, up 3.0% and 1.1% from the third quarter of 2015, respectively.
Portland metro when comparing percentage share of the market, fourth quarter to third quarter 2015:
• When comparing fourth quarter to third quarter 2015, distressed sales as a percentage of new listings increased by 3.8% (9.2 v. 5.4%).
• In a comparison of fourth quarter to third quarter 2015, distressed sales as a percentage of closed sales increased by 1.3% (7.7 v. 6.4%).
• Short sales comprised 2.1% of new listings and 1.8% of sales in the fourth quarter, up 0.7% and 0.1% from the third quarter of 2015, respectively.
• Bank owned/REO properties comprised 7.1% of new listings and 5.9% of sales in the fourth quarter, up 3.1% and 1.2% from the third quarter of 2015, respectively.
Clark County when comparing percentage share of the market, fourth quarter 2015 to third quarter 2015:
• When comparing fourth quarter to third quarter 2015, distressed sales as a percentage of new listings increased by 2.0% (7.0 v. 5.0%).
• In a comparison of fourth quarter to third quarter 2015, distressed sales as a percentage of closed sales decreased by 0.3% (6.0 v. 6.3%).
• Short sales comprised 3.4% of new listings and 1.9% of sales in the fourth quarter, up 1.5% for new listings and down 0.7% for sales when compared to the third quarter of 2015, respectively.
• Bank owned/REO properties comprised 3.6% of new listings and 4.1% of sales in the fourth quarter, up 0.5% and 0.4% from the third quarter of 2015, respectively.
If you’d like more information or percentages of distressed residential sales in other areas not represented by our charts, please contact us at communications@rmls.com.
Heather,
How far back do our statistics go for this component of the market?
RMLS™ has distressed information going back to 2010, available in the Documents section of RMLSweb under the folder 1500-1699 Market Action and Statistics Menu. If you need help navigating around the library of documents, the RMLS™ Help Desk staff would be happy to help guide the way! They can be reached at (503) 872-8002 or (877) 256-2169.
This is not a comment about this post, I just couldn’t figure out where to ask. I am wondering if listing carts are something in the works that RMLS plans to add in the near future? Every other MLS I’ve used in other areas has these and it’s the feature and most necessary tool I find amazingly lacking with RMLS.
I’m glad you are adding search functions to find other agents and their listings. This is another very helpful tool I was amazed was missing as well. Thanks so much!